Update This post was originally published on January 25, 2009. Since then, many analysts believe that the housing market has nearly bottomed out in many markets. Granted, buying a foreclosed home is not as easy as it sounds, primarily because there can be a lot of red tape surrounding foreclosed properties. But what was...
read moreThe idea of owning a home is in many ways integral to the American Dream. The notion of property ownership conveys the idea that you have a stake in the future of the country. Those with a vested interest are more apt to do what is required to protect their investment. However, the rapid deflation of the housing bubble has had a...
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While credit default swaps pose the most significant new risk to our economic health, the bursting of the housing bubble is the primary cause of the current recession. Now that may appear to be a simple proposition. However, the underlying causes of the housing bubble, and the consequences of its collapse, are both wide and...
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